Final answer:
The key elements of supply chain management revolve around integration and coordination, which are vital for connecting different parts of the supply chain. Technological advancements and improved transportation methods address supply chain issues, while labor rights and policies remain crucial for an effective and sustainable supply chain.
Step-by-step explanation:
Key Elements of Supply Chain Management
Most definitions of supply chain management include the concepts of integration and coordination, which are essential for aligning the multiple parts of the supply chain. Technology plays a significant role in advancing these aspects of supply chain management. Through technological advancements and improved transport methods, companies are equipped to handle various supply chain issues, especially in times of national emergencies. These improvements contribute to more efficient production and distribution processes. Crucially, labor rights are integral to the supply chain, emphasizing the need to integrate labor policies and investments in the workforce at both international and national levels. This holistic approach to management ensures the overall effectiveness and sustainability of the supply chain.